SEC clears DB/NYSE merger

U.S. regulators have cleared the proposed merger of Deutsche Börse AG and NYSE Euronext Inc., which would create the world's biggest stock exchange operator, but the deal still needs European regulatory approval.

The Securities and Exchange Commission formally approved the $10 billion acquisition by Germany's Deutsche Börse of NYSE Euronext on Tuesday and made the decision public Wednesday.

The SEC said it reviewed the proposal carefully and found the merger would comply with securities laws and promote fair trading.

SEC clears Deutsche Borse-NYSE merger

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